Home › Forums › Closed Forums › Buying and Selling RE › Torrid tales of a house seller in Austin, TX
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August 14, 2008 at 9:37 PM #257390August 15, 2008 at 10:06 AM #257339EconProfParticipant
Do whatever it takes to sell it now.
I was in a similar situation 2 years ago. After the property did not sell with several price markdowns, I rented it. It has since fallen further in price. (Incidentally, my mistake was taking my broker’s advice and initially pricing it too high).
The hassles of being a landlord from afar are huge. First-timers always underestimate the numerous hidden costs.
I’d suggest an immediate sweetener of $2000 to the buyer’s broker. If that doesn’t work within 10 days, then lower the price significantly. You want to make a splash on the market.August 15, 2008 at 10:06 AM #257522EconProfParticipantDo whatever it takes to sell it now.
I was in a similar situation 2 years ago. After the property did not sell with several price markdowns, I rented it. It has since fallen further in price. (Incidentally, my mistake was taking my broker’s advice and initially pricing it too high).
The hassles of being a landlord from afar are huge. First-timers always underestimate the numerous hidden costs.
I’d suggest an immediate sweetener of $2000 to the buyer’s broker. If that doesn’t work within 10 days, then lower the price significantly. You want to make a splash on the market.August 15, 2008 at 10:06 AM #257538EconProfParticipantDo whatever it takes to sell it now.
I was in a similar situation 2 years ago. After the property did not sell with several price markdowns, I rented it. It has since fallen further in price. (Incidentally, my mistake was taking my broker’s advice and initially pricing it too high).
The hassles of being a landlord from afar are huge. First-timers always underestimate the numerous hidden costs.
I’d suggest an immediate sweetener of $2000 to the buyer’s broker. If that doesn’t work within 10 days, then lower the price significantly. You want to make a splash on the market.August 15, 2008 at 10:06 AM #257582EconProfParticipantDo whatever it takes to sell it now.
I was in a similar situation 2 years ago. After the property did not sell with several price markdowns, I rented it. It has since fallen further in price. (Incidentally, my mistake was taking my broker’s advice and initially pricing it too high).
The hassles of being a landlord from afar are huge. First-timers always underestimate the numerous hidden costs.
I’d suggest an immediate sweetener of $2000 to the buyer’s broker. If that doesn’t work within 10 days, then lower the price significantly. You want to make a splash on the market.August 15, 2008 at 10:06 AM #257630EconProfParticipantDo whatever it takes to sell it now.
I was in a similar situation 2 years ago. After the property did not sell with several price markdowns, I rented it. It has since fallen further in price. (Incidentally, my mistake was taking my broker’s advice and initially pricing it too high).
The hassles of being a landlord from afar are huge. First-timers always underestimate the numerous hidden costs.
I’d suggest an immediate sweetener of $2000 to the buyer’s broker. If that doesn’t work within 10 days, then lower the price significantly. You want to make a splash on the market.August 15, 2008 at 11:36 AM #257415AnonymousGuestIt seems you have initially priced a little high and missed the season. You need to reduced the price by a meaningful amount and whatever incentives that you can provide.
August 15, 2008 at 11:36 AM #257598AnonymousGuestIt seems you have initially priced a little high and missed the season. You need to reduced the price by a meaningful amount and whatever incentives that you can provide.
August 15, 2008 at 11:36 AM #257614AnonymousGuestIt seems you have initially priced a little high and missed the season. You need to reduced the price by a meaningful amount and whatever incentives that you can provide.
August 15, 2008 at 11:36 AM #257659AnonymousGuestIt seems you have initially priced a little high and missed the season. You need to reduced the price by a meaningful amount and whatever incentives that you can provide.
August 15, 2008 at 11:36 AM #257706AnonymousGuestIt seems you have initially priced a little high and missed the season. You need to reduced the price by a meaningful amount and whatever incentives that you can provide.
August 15, 2008 at 5:10 PM #257657amyParticipantThanks, all. We reduced the price by $10,000 to $339,900 this morning. I will keep you posted. Wish us luck – we could use it!
August 15, 2008 at 5:10 PM #257844amyParticipantThanks, all. We reduced the price by $10,000 to $339,900 this morning. I will keep you posted. Wish us luck – we could use it!
August 15, 2008 at 5:10 PM #257858amyParticipantThanks, all. We reduced the price by $10,000 to $339,900 this morning. I will keep you posted. Wish us luck – we could use it!
August 15, 2008 at 5:10 PM #257904amyParticipantThanks, all. We reduced the price by $10,000 to $339,900 this morning. I will keep you posted. Wish us luck – we could use it!
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